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The $115+ NNOX Target + Patterns$NNOX is one of those volatile stocks that took the world by storm. If you don't like volatility, it is likely best to stay away from biotech or healthcare. That said, there are alot of expected catalysts. $NNOX have been heavily shortened, and it is in the opinion of many that lots of market manipulation has been and is going on. The short interest is low and the borrow rate is high. Currently as I see it, the pattern is still incrementally upwards. Nanox has the catalyst of factory announcements, FDA approvals for both single and multisource, plus the commencement of "device leasing". Currently with 4 catalyst, three of them that are expected to be big, a target of $115 seems reasonable. Support levels should be picking up soon, and unless one wants to flip for few cents or dollars per share as profit, this currently seems much better suited for a long term position. That said, I am long. Everything I say is on an opinion based basis. Please do your own due diligence and proceed with caution. Opinions mentioned here aren't meant to warrant solicited financial advice.
NASDAQ:NNOXLong
by gamer456148
Pattern Cheatsheet: Identfying a Broadening Top PatternThe Broadening Top pattern appears when price makes a straight upwards run (similar to the "Flagpole" of a Bull Flag Pattern, then swings between two expanding broadening trendlines with at least 5 touches. It is a neutral pattern which means it can break out in either direction, on the bottom right examples i have explained how the pattern is identified, measured and traded for both Bullish & Bearish breakouts. The idea is to get a entry early by identifying the pattern, (point A) which allows for a better Risk:Reward ratio and closer stop loss. The second potential entry is at point B, which is considered a Bullish or Bearish retest ( Support/Resistance flip it is also known as), but this area is a bit risker and has less "room to move". The pattern can give a a sign that the price may have a higher chance in heading in a certain direction, and we can measure the height of the straight run upwards, aswell as the height of the two LARGEST SWINGS within the pattern to get two possible price targets ; one conservative and one less so. The Broadening Top appears frequently on Bitcoin & Ethereum and has one of the better success rates out of all the different Broadening Patterns and is one of the easiest to trade & identify because often it works similar to a Bull Flag pattern. If you found this idea informative, Dont forget to show your support by liking & commenting thank you traders!
Education
by Worth_The_Ri5k
$10+ Target for MPLN Post-ShortI have not taken a position on $MPLN given I like fast growth stocks, however this looks quite interesting. This stock has recently been institutionally shorted and in a way kind of hammered by a small blog/activist firm. Now, $MPLN is about to release earnings extra early tomorrow. This might be a good buy entry opportunity. I do think a possible short squeeze can happen given what the market's reaction was today. That said, do your own due diligence, proceed with caution and invest at your own risk. Everything I say is on an opinion based basis.
NYSE:MPLNLong
by gamer456148
2
Golden Opportunity End of October Missed, Resistance BreakoutI missed a golden opportunity for the end of October for a resistance wedge breakout. This was after my September bearishness, and the case for September was there. That said, it looks like a continuation of a bullish pickup and support pattern have been happening. The last few weeks, I have been doing the occasional watching from the sidelines and am seeing sentiment pickup especially given earnings. That said, invest at your own risk and do your own due diligence. Please consider everything I'm saying on an opinion based basis.
NYSE:XPEVLong
by gamer456148
$NNOX: Gap Fill Started, Needs to Break ResistanceCurrently it looks like Nanox on Friday have started to dramatically shift up, especially after hours with lots of the logarithmic curve that was downward already starting to curve. It still has lots of resistance given the rise of short sellers and puts, but that resistance seems to be fading. According to Algowins, when looking at short activity, the worst day in terms of test with over -49.6 was on September 15th, this was when a short seller released a report against Nanox. The "fear index" at that time was likely high. If Nanox increases in positive sentiment which looks to be the case, likely support levels can continue picking up for stable positive retest + stock growth. That said, please consider everything I say "as is", and on an opinion based basis. Do your own due diligence, and invest at your own risk.
NASDAQ:NNOXLong
by gamer456148
Buy the Dips: Today is an Opportunity DayToday is a great "opportunity day" to average down, swing trade on volatility, or do buy and hold consolidations/dip buying strategies. Extremely unfortunate news, is that the US president and first lady have been diagnosed with Covid19 . Given futures, and market option, today looks to have lots of red or at least some bearish correlations. Pre-market especially will be brutal, and close may get intense. Panic selling on any red day or creating losses over opportunities, usually doesn't end well. That said, do your own due diligence and invest at your own risk.
SP:SPXLong
by gamer456148
1
NNOX: Logarithmic Curve FlatteningNanox has had quite alot of resistance after the short sellers' reports. However, the resistance seems to be slowly fading away. Right now, there is still alot of resistance and short pattern volume. The logarithmic curve for a bearish pattern seems to be curving, and it looks like it is slowly garnishing momentum and picking back up support levels. If Nanox is able to keep and garnish trader's interest, their could be possibility of a reversal soon. Either way, the long term potential seems to be there. I am long on this. That said, do your own due diligence and invest at your own risk.
NASDAQ:NNOXLong
by gamer456148
$5 ACB Entry Worth the Risk?ACB seems to be extremely oversold, and though it is high risk, I may purchase or watch some shares as a catalyst to see where the pattern goes. There seems to be somewhat of a possibility that we have reached a bottom. If resistance breaks, this can trigger another bull run. Keep in mind though, this risk is still high considering all the bearishness. That being said, invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis.
ALong
by gamer456148
4
10 Mid to High Risk Stocks for my Breakout WatchlistImagine holding SPI as a penny stock, selling it at 7% draw-down, and few month after waking up to see it somehow have went up 4000%? While I do think there might be a possibility of foul play or might not, I have obviously made a mistake. This lead me to create this list of ten stocks I am watching from the sidelines, that I may do a breakout entry for. These are mid to high risk, and the drawdown can be severe. Volatility is not for the faint of heart. JMIA has a lot of high growth potential, and I feel like it just needs to break the resistance curve. SLNG is not too high risk of an OTC stock if you are wanting to invest a bit in that sector. SXTC may be somewhat of an oversold penny stock. Hudson Capital seems like a dip in the real estate space. I also think it may have around the same potential as CBL, but I rather trade something new. RZLT is a biopharma play that I think may be underrated. NWGI has a decent buy target by many analyst (so I heard), and is in a trending market segment. Remark Holdings already had many dips and so did BBI. I think the current entry is one of the more decent ones. Adomani may be oversold, and they recently updated their executive team in which I am on the fence. While I think they need to start looking less at buses and more on expanding the electrification tech they have, I still think for the price they are, definitely has somewhat some long term potential. $TAKOF is extremely dirt cheap and underrated in my opinion. I think this is one of the more worthwhile "gambles". That being said, invest at your own risk and do your own due diligence. Please consider everything I say "as is" or on an opinion based basis. This is not meant to be taken as actionable financial advice.
NLong
by gamer456148
1
Could LAC go up on Battery Day Too?Right now, a stock that have interested me is $LAC. Currently, I was neutral on it, but am leaning towards a potential bullish sentiment. The support levels have been picked up to the point where it seems like high risk for a correlation. However, given battery day, I think that this still may have a higher support level for an even more incremental spike (Off of Tesla sentiment believe it or now). Once that spike happens, perhaps it would be time for a healthy pullback strategy + reentry on a swing. That being said, do your own due diligence and invest at your own risk. Please don't take what I say as actionable financial advice. Everything I say as always is on an opinion based basis, and taken "as is".
NYSE:LACLong
by gamer456148
How I became Bearish on SNOW and FrogI been waiting for the Snowflake IPO and JFrog IPO for a while. Weeks ago, when hearing about how much the proposed price for Snowflake could be, I already became bearish. The same happened with JFrog. Then they increased, and seemingly increased even more in price. Those who invested super early into the IPO on the trading floor or accredited investors who even got pre-ipo shares are already seeming to be holding some pretty decent paychecks. The price also seems too high to attract many retail investors. This happens with some IPOs, and usually it is a putoff. That being said, invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis, not meant to warrant actionable financial advice.
NYSE:SNOWShort
by gamer456148
Two Stocks I'm Bearish OnTwo stocks that I would currently short are McDonalds and Netflix. McDonalds seems to be making the same type of mistakes that Big Boy or Frisch's Restaurants, Inc. were making that lost costumers. The marketing tactics they have are getting either too outdated, too risky, or too controversial. Outside of that, franchise fees are too expensive. You have the whole Steve Easterbrook controversy and a bunch of high support lines that look due for a pullback. Netflix is also under fire. The show Cuties have received a bunch of controversy for obvious reasons + you seen lots of hard dips recently on it. Netflix isn't like Tesla. The product Netflix has can be replaced by competition. That being said, I'm bearish. Please invest at your own risk and do your own due diligence. Proceed with caution.
NYSE:MCDShort
by gamer456148